Contents

Live Trading

Institutional Accounts

Institutional Accounts

Demonstration Algorithms
FinancialAdvisorDemoAlgorithm.py Python FinancialAdvisorDemoAlgorithm.cs C#

Institutional Accounts

QuantConnect supports live trading with financial advisor (FA) accounts. These certified professionals can use a single trading algorithm to manage several clients accounts. This feature is only available with a professional subscription on QuantConnect.

The only supported brokerage with FA accounts is Interactive Brokers. In the Initialize method, we need to set the DefaultOrderProperties property to InteractiveBrokersOrderProperties: 

// The default order properties can be set here to choose the FA settings
// to be automatically used in any order submission method (such as SetHoldings, Buy, Sell and Order)

// Use a default FA Account Group with an Allocation Method
DefaultOrderProperties = new InteractiveBrokersOrderProperties
{
    // account group created manually in IB/TWS
    FaGroup = "TestGroupEQ",
    // supported allocation methods are: EqualQuantity, NetLiq, AvailableEquity, PctChange
    FaMethod = "EqualQuantity"
};

// set a default FA Allocation Profile
DefaultOrderProperties = new InteractiveBrokersOrderProperties
{
    // allocation profile created manually in IB/TWS
    FaProfile = "TestProfileP"
};

// send all orders to a single managed account
DefaultOrderProperties = new InteractiveBrokersOrderProperties
{
    // a sub-account linked to the Financial Advisor master account
    Account = "DU123456"
};

# Use a default FA Account Group with an Allocation Method
self.DefaultOrderProperties = InteractiveBrokersOrderProperties()
# account group created manually in IB/TWS
self.DefaultOrderProperties.FaGroup = "TestGroupEQ"
# supported allocation methods are: EqualQuantity, NetLiq, AvailableEquity, PctChange
self.DefaultOrderProperties.FaMethod = "EqualQuantity"

# set a default FA Allocation Profile
self.DefaultOrderProperties = InteractiveBrokersOrderProperties()
# allocation profile created manually in IB/TWS
self.DefaultOrderProperties.FaProfile = "TestProfileP"

# send all orders to a single managed account
DefaultOrderProperties = InteractiveBrokersOrderProperties()
# a sub-account linked to the Financial Advisor master account
self.DefaultOrderProperties.Account = "DU123456"

//InteractiveBrokersOrderProperties object properties:
class InteractiveBrokersOrderProperties {
    string Account     // Linked account for which to submit the order
    string FaGroup     // Account group for the order
    string FaMethod    // Allocation method for the account group order: EqualQuantity, NetLiq, AvailableEquity, PctChange
    int FaPercentage   // Percentage for the percent change method
    string FaProfile   // Allocation profile to be used for the order
}

DefaultOrderProperties properties can be overridden throughout the code to accommodate different scenarios. For instance, the group may have a different allocation method, and these properties need to be overwritten before calling an order method (SetHoldings, Buy, Sell, LImitOrder, etc).

// Change FA Account Group and Allocation Method
((InteractiveBrokersOrderProperties)DefaultOrderProperties).FaGroup = "TestGroupAE";
((InteractiveBrokersOrderProperties)DefaultOrderProperties).FaMethod = "AvailableEquity";
SetHoldings("AAPL", 1);

# Change FA Account Group and Allocation Method
self.DefaultOrderProperties.FaGroup = "TestGroupAE"
self.DefaultOrderProperties.FaMethod = "AvailableEquity"
self.SetHoldings("AAPL", 1)

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